Request for Major Revival of Policy Form - Kotak Life Insurance 2025

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The revival period refers to the specific span of time provided by an insurance company during which a policyholder can reactivate their lapsed or dormant insurance policy. If a policyholder fails to pay the premiums within the grace period, the insurance policy typically becomes inactive or lapses.
Ans: You can contact your insurer and apply for revival of life insurance policy and submit the outstanding premiums, applicable interest, penalty fees, health certificates, and other such documents.
If your insurance was terminated because you couldnt make the payments, you usually have to pay the full balance before your plan can be reinstated. The health insurance company may charge you a fee to reinstate your individual or family health insurance plan.
1. If you want to revive the policy within six months after the date of lapse, you need to contact the insurer and pay the pending premiums along with the interest. 2. If you want to revive the policy after a lapse of six months, you need to pay the overdue premium, interest, and penalty.
How To Revive Lapsed Life Insurance Policy? Contact Your Insurance Provider: The first step in the revival process is to contact your insurance provider. Pay Outstanding Premiums: Undergo A Medical Examination: Submit A Revival Application: Policy Revival:

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If your coverage lapsed because of a missed payment, you may be able to get your coverage reinstated if you pay your bill and your insurer had a grace period. If you have a lapse because your current carrier dropped your coverage or didnt renew your policy, you can get a quote from another insurer.
Steps to Revive Lapsed Policies Contact the Insurance Provider. The first step in reviving a lapsed policy is to contact the insurance company or agent promptly. Assess Reinstatement Requirements. Pay Outstanding Premiums. Provide Health Information. Sign Reinstatement Documents. Await Confirmation.

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